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Illustration: a restaurant's bank balance as a road, rising on the day a $20,000 advance posts.

02/ How it works

From application to funded, step by step.

Three steps. Most decisions come the same day, and funds can arrive as soon as the same day once you're approved and your documents are complete.

  1. 1

    Apply anywhere in minutes

    Complete the short online form: your name and contact details, your monthly revenue, and the amount you need. You can do it from a phone between jobs.

    • 5 fields
    • $5K to $1M
    • Private review

  2. 2

    Get a decision right away

    The review evaluates your revenue, time in business and cash flow to find competitive options quickly. Lower credit does not always mean no options: they start from a 500 FICO score.

    • Most decisions same day
    • From 4 months in business
    • From $120K revenue a year

  3. 3

    Get funded as fast as same day

    Once you're approved and documents are complete, eligible businesses can receive funds in their account as soon as the same day. Repayment is daily or weekly, over 3 months to 3 years.

    • Same day to 5 days
    • Daily or weekly payments
    • Low paperwork

Why early matters

Not every transfer moves at the same speed.

Same-day review is available when the application and documents arrive early in the day. Here is why time of day shows up on a bank statement.

ACH

Batched

Banks collect ACH payments during the day and send them in batches. Settlement can take days. Payroll deposits, vendor payments and most loan payments travel this way.

ACH CREDIT · FREIGHT BROKERPosts in a batch

Wire

Posted as processed

A wire through the Federal Reserve's Fedwire system settles individually and immediately, and the settlement is final. In 2022 Fedwire handled about 196 million transfers.

WIRE IN · FUNDINGPosts when sent

What helps

Get the paperwork in early

Send your information early and answer document requests quickly. The process asks for less paperwork than a bank loan.

Start the form

Sources: Wikipedia, “Automated clearing house”, “Fedwire”.

FAQ

Questions owners ask first.

How fast can I get funded?

As fast as the same day, once you're approved and your documents are complete. Applications and documents that arrive early can be reviewed the same day. Across all applicants, application to funding takes same day to 5 days.

Do I need good credit?

Not always. Because funding can be evaluated around revenue and cash flow, options start from a 500 FICO score. Banks usually ask for 700 or more.

How long do I need to be in business?

Four months or more. Broker platforms usually ask for one year, banks for two.

How much revenue do I need?

About $120,000 a year, or $10,000 a month. Banks and broker platforms usually ask for $250,000 a year.

How much can I get, and how is it repaid?

From $5,000 to $1,000,000, with daily or weekly payments over terms from 3 months to 3 years. The amount and terms depend on the business and the review.

Will my information be sold?

No. Your information is not resold, so you won't be flooded with calls from brokers.

I already have an offer. Can you look at it?

Yes. Send your current offer and Raven Lenders will help you understand the structure, the repayment expectations and the alternatives available.

Is Raven Lenders a bank?

No. Funding amounts, rates, terms and approval speed vary by applicant, business performance, documentation, lender review and other factors.